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Student Loans and Financial Aid
Stafford, Perkins and personal student loans. Financial aid may consist of scholarships, grants, and work study in addition to student loans.
Total questions 12800
Can student loans cover off-campus housing?
Yes, you can use your student loans for anything you want related to college. Grants have to be used for tuition or books, but...
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How do you get a student loan without a co-signer?
Federal loans (such as the Stafford loan) are not based on your credit history. You will not need a co-signer, or good credit....
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If you have little or no credit history can you get a student loan without a co-signer?
Well that's a tricky question it depends. There are 5 major types of loans to fund an education. Stafford Loans (sub and unsub)...
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What is a Stafford Loan?
Schools generally participate in one of these Stafford Loan programs: The Federal Family Education Loan (FFEL) Program The...
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Should you use extra student loan money to pay off credit cards?
Suggestions below may be helpful(financially), but they are advising you to commit fraud. I have yet to read an education loan...
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Can you apply for federal student loans if you are already in school?
Yes, even though you are attending college already you can still apply for federal student loans. You may not get them for the...
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Will bankruptcy remove your student loans?
NO In some extreme cases, yes. In your cas no. I worked for Direct Loans so I know a little about these things. You do have a...
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What is a Parent PLUS Loan?
A Parent PLUS Loan to meet students' education costs is available through both the FFEL and Direct Stafford Program. Parents who...
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What is a Perkins Loan?
A Federal Perkins Loan is a low-interest loan for both undergraduate and graduate students with exceptional financial need. A...
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What was the cut off date to file a student loan on a bankruptcy?
Filing bankruptcy on Federally guaranteed Student Loans will not help you 99% of the time. Consolidate the delinquent or...
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What is the difference between unsubsidized and subsidized student loans?
Subsidized means it is need-based and therefore the govenment pays the interest while you are in school, during a six-month grace...
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How long before outstanding student loans are forgiven?
It dosen't matter how long you had the loan, you have to pay it back unless you are disabled, a teacher in low-income schools,...
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When do you pay back student loans?
It depends on the type of loan: -Stafford: 6 months after you graduate, withdraw, or drop below half-time. This loan type is...
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How do you find out if your Perkins loan has been paid off?
First, you can check online whether your income tax refund was applied to the loan by going to...
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Can student loans be used for things such as an apartment or a car if it is necessary to complete the education?
Your student loans are yours. You have to repay them later, so you do what you want to with them now. Yes, they are supposed to...
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Can student loans be used to take lessons to earn a private pilot's license?
Yes, you would simply accept more loan money than you are going to need for school (I always accept the max). Then your school...
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Do student loans show up on your credit report?
yes, the private or federally guaranteed student loans will show up on your credit report. If you are delinquent or in default...
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How can you have your consolidated student loan forgiven if you are a teacher in a low income area?
If you were a full-time teacher for five consecutive academic years in a "low-income" school, you could qualify for a federal...
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Can you get a home equity loan or line of credit on a cooperative apartment?
Yes, you can obtain a home equity loan or line of credit through the Bank of New York. They also offer mortgage loans on...
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Can co-signing a car loan affect your chance to get a student loan?
Only your previous federal loan history affects your ability to get most federal student loans. For private student loans, your...
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If several loans are in default how can one find out who holds the loans and is there a phone number to call?
You can get help with consolidating defaulted loans at www.defaultms.com . A consolidation loan will allow you to get an income...
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Are there income limitations for Stafford Loans?
There are no income limits for unsubsidized Stafford loans. Subsidized Stafford loans are awarded based on need. There are two...
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How can you protect yourself from wage garnishment for a student loan already paid off?
Provide proof you already paid the loan in full. That means front/back copy of canceled check or paid in full letter from the...
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Can you consolidate if you only have one student loan?
Likewise, I received tons of offers in the mail to consolidate my loans for a lower interest rate. Well, I only had ONE large...
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Can you sue the person you cosigned for?
Yes it can be done. I'm in the process of doing so myself.
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Is it possible to get a student loan in your mid-twenties?
yes it is very much possible fill out your fafsa and it will ask you if you would be willing to take out loans if necessary and...
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Is the remaining balance forgiven after 25 years of payments under the income contingent repayment plan?
The correct answer to your question is yes. You also must pay taxes on the amount forgiven. If you have FFEL loans instead of...
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Can you get a student loan for a BTEC National Diploma Course?
i am on a BTEC National Diploma Course in fish husbandary at brooksby college, and i was woundering if i could be eligable for a...
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How can you pay off your student loan if you live overseas?
Most have an online bill payment system or an automatic debit system that they prefer. The money will automatically be converted.
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If you have frightening credit can you still qualify for a student loan?
Hi there Eligibility for Federal Stafford loans are not based on your credit so yes, it is possible to get a student loan even...
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How do you get a student loan to pay for off campus living?
Don't know what kind of student loan you have but I know federal student loans approve you for the amount of living expenses...
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Is it possible to re-finance a consolidated student loan to get a better interest rate?
The interest weight of a consolidation loan is now the weighted average of the interest rates of the loans being consolidated,...
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Will a deferred student loan on your credit report significantly lower your FICA score?
YESSSS!!! THE WORST thing to have on your credit report is an unpaid loan! TRUST ME on this, it took FOREVER to fix this, and...
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If you recently became free of all debts but used to have bad credit can you apply for a private student loan without a cosigner?
You can APPLY until the cows come home. Yes, it is very possible. More so IF you have established some good lines of credit for...
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Can you continue receiving a student loan if you are retaking your final year?
Hi there If you have not reached your aggregate loan limit ($23,000 for a dependant undergraduate) and if the school considers...
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Can student loans or grants help pay bills other than school expenses?
Not sure about grants but federal loans can be used for anything you want although they are only meant for tuition, living...
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Can a bankruptcy be opened to include a student loan if the loan wasn't in default at that time?
It would be a waste of time and money. The higher education ammendment act made student loans non dischargable in Banruptcy...
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Can you remove a co-borrower from your student loan after you become eligible to sign the loan yourself?
Many lenders have a co-signer release option! Just ask them. ADDED: most lenders that offer this option require a history of 2-5...
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Where can your granddaughter apply for a low interest student loans?
Apply for US Banks No Fee Loan. The interest rate is considerably low and many of the fees that other loans include, like the...
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If you cosign a student loan for someone does it show up on your credit report?
Like any other debt you are responsible for, it can be reported to credit reporting agencies as a debt you owe. Owing money is...
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Can a car that you own be repossessed for college loan payments that you owe?
No, they cannot take your car for college loan payments. They can, however, potentially have money taken directly from your pay...
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Why can't a Perkins Loan be collected through administrative wage withholding?
BECAUSE THEY ARE NOT TITLE IV FEDERAL DEBT - THEY FALL UNDER TITLE XV. SOME STATES WILL INTERCEPT STATE TAXES FOR PERKINS LOANS-...
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Is it possible for a person under 18 to get a loan for school without a co-signer?
A federal loan does not require a co-signer and the minimum age is 16. The above answer is so incomplete.. Federal loans like...
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Are there certain jobs or occupations in which you do not have to pay back a student loan?
Yes, you can get your answer here: www.defaultms.com/loan_forgiveness.html Here's a website that may help...
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If your pay is being garnished for student loans what can you do to lower the monthly amount and stop garnishment after a few months?
You can appeal the garnishment if it causes undue hardship to you and/or your dependents. You will have to provide proof of your...
Popularity: 170 • Tools: Recategorize
If you are at your max limit is there a way to still receive student loans?
If you are at your maximum limit for student loans, you can pay some of it back in order to regain eligibility. I know that...
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Can you pay a consolidated student loan with high interest with a new student loan at lower rates?
Probably, but you are unlikely to be granted a large enough loan to refinance your consolidated loans. Yearly loan amounts are...
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How you get student loans or financial aid if you are dependent on your parents but will not receive financial assistance from them?
The majority of students are still considered dependents by their parents. That does not affect your chances of getting financial...
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If you cancel a student loan and still owe less than 200 dollars will this prevent you from receiving a grant that you qualify for?
No, as long as you are not in default on the loan.
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Can you avoid Administrative Wage Garnishment and all other collection trouble if you do not pay your student loan and go live in another country?
There is no Statute of Limitation on the legal actions and collections of student loans. You can even have Social Security...
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What is the interest rate on the subsidized and unsubsidized Stafford loans?
Interests rates for both Subsidized and Unsubsidized Stafford loans as of July 1, 2006, are not at a fixed rate of 6.8%; Parent...
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Is it possible for a retired family member to be a cosigner on a student loan?
Federal student loans do not need a cosigner. Your Uncle Sam is guaranteeing them. If you are not applying for a federal...
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How do you get a ten thousand dollar student loan with no cosigner?
The IEFC (International Education Financing Corporation offers loans in varying increments with and without a cosignee. Visit...
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How will a deferred student loan affect your credit?
They do not help you establish credit. You have borrowed, but don't owe, so there's no information about the way you'll handle...
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There is a maximum amount you can get in student loans but is the maximum amount per loan institution or per student?
That's a kind of tricky question. The answer is "some of each". If you're talking about the maximum amount you can get in a year,...
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Will an auto repossession affect your chances of getting a loan for graduate school?
Only if you are getting a private loan. If you get a government loan it will not affect it since they will only hold govenment...
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Can your college loans be used to purchase a car?
After all your school expenses are paid, your student funds are given to you to cover what you need to get by during the school...
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Can you still get a student loan if you are in default on another loan and you just filed bankruptcy?
No. and Yes. The default on your prior student loan must be addressed and the loan rehabilitated before you're eligible for more...
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Are there student loans with a grace period of 6 months after graduation to begin paying them back?
Yes, I know all Federal Student Loans start repayment 6 months after graduation.
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How do you get a loan for off-campus housing?
Once your loans and grants pay off your school costs (books, tuition, etc), they normally send you a check for the...
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Is there anyway to get a loan when you have no credit worthy co-borrower and you haven't had a job for enough time to establish credit?
federal loans didn't check my credit or anything - it didn't seem to matter at all. it was all about need; you tell them your...
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Can you receive a student loan for off campus housing that does not have to be payed back until you are out of school?
The amount of student loan aid you receive is usually "Need-Based". Your family income (including any scholarships you may have)...
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If you have thousands of dollars in student loans and credit cards and hospital bills should you try to get a loan?
Sure, why not have one payment with a less interest rate? Maybe refiance your house at the same time.
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Can you apply for a loan if you have taken the courses already and have no money to pay?
Student loans, financial assistance, grants, etc. Are not in the traditional sense retroactive. Although I am not certain I...
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Is it possible to get a student loan if you are under 18 with a cosigner and if so where?
Minimum age for federal student loans is 16. Federal loans don't require a co-signer.
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If you transfer schools what happens to the other part of your student loan?
From my understanding, if you transfer schools you have to let your lender know what you are planning on doing. If you do not...
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Can you get a Perkins Loan when you are studying at an overseas university?
Only if the overseas university is recogzined by the U.S. Department of Education and has a DOE number.
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What can you do if school refuses to release student loan funds due to doctors instruction to stop attending classes due to high risk pregnancy?
Education loans are for your education. If you're not enrolled when the money comes in it has to be returned to the lender....
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What is the scientific term of dependent variable?
Lenders aren't concerned with your dependency status. It's a financial aid office term/issue. You're independent if you answer...
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How many points will your credit score go up when you pay off a defaulted student loan?
Initially, your score will only go up by 5 - 20 points, depending on the student loan balance, and whether or not you are...
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Can one take capital for student loans that will not be needed until next year and put them in a 1-yr CD or money market account?
You should not "advertise" to anyone that you are borrowing student loan money solely so you can invest it to make a profit. ...
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What website could you go to for a student loan with bad credit and no cosigner?
Here is advice: You can't. You must at least have a job. They can get around credit and debt. I would refinance student...
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If you have an annuity of 10K that pays about 5 percent each year should you use that to pay as much of your tuition bill as you can?
never ever ever!
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If someone receives a large sum of money and they wish to seek reputable financial assistance who and why should they call?
Depending on the circumstances- for example, an inheritance- the estate attorney should be able to recommend someone. In the...
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Can you receive student loans after filing bankruptcy?
One can usually get student loans after bankruptcy so long as they meet the other eligibility requirements for those loans. ...
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Can you declare bankruptcy on consolidated student loans?
I'm a bit unclear as to what you mean by "consolidated". If loans are from private lenders, and have no Federal/State connection,...
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How can an international student find American or Canadian companies that might sponsor his studies in US or Canada?
Can't speak for Canada (try this though: http://www.cic.gc.ca/english/applications/skilled.html), but here's what the process...
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How can you stop student loan garnishment if it will cause extreme hardship on your family?
You need to file an undue hardship petition with either the guarantor or ED. You will be required to disclose and document...
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Are you requested to show good faith by putting something down on the loan?
Not usually. Perhaps for some private loans if your credit is bad, but I have never heard of it.
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Can your student loans still gain interest on the open accounts that were included with the bankruptcy 13 case?
This may vary from circuit to circuit, but in the 7th Circuit, student loans can and do continue to accrue interest during the...
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What effects are there for someone who cosigns a student loan?
Cosigning on any debt makes you just as responsible as the other borrower. The balance of the debt will be on both of your credit...
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Can you get financial aid if you have excellent grades with a high GPA and SAT scores but no Social Security number?
With Federal Financial aid, you will need to have a social security number, and if your student is a male, you need to register...
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How old does a co-borrower of a loan have to be?
18 with a credit history.
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How much school do you have to be enrolled in before you would have to start paying back student loans?
I am not entirely sure I understand the question, but I will try to answer for you. FEDERAL STAFFORD/PERKINS LOANS: As long as...
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Can you file bankruptcy on private student loans?
USC TITLE 11 > CHAPTER 5 > SUBCHAPTER II > ยง 523 (a) A discharge under section 727, 1141, 1228 (a), 1228 (b), or 1328...
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Should you refinance your home loan and pay off your student loan debt or invest the money?
In most cases no, because student loans offer advantages that many other types of loans do not have. For example, in a number of...
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What is the average student loan debt for Biochemistry major?
you have not given enough information to answre this question. Public school? Private school? In the united states? graduate...
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Can you apply for a student loan after a filing for bankruptcy?
Only if the bankruptcy is currently discharged.
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If you cosign a student loan and cancel within 4 days of the first disbursement but bank refuses to cancel it is the cosigner responsible for payment?
If the loan was disbursed, it's too late to cancel unless the entire amount is returned to the lender. but you can just as...
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Does consolidating student loans affect or lower credit score?
when you consolidate your student loans. It helps your credit score by closing the multiple loans. Your credit report will...
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Can someone with a bankruptcy but above-average income and a low debt-to-income ratio co-sign a student loan?
No. If someone has a bankruptcy in their last 10 years with an above average income and a low debt-to-income ratio can't co-sign...
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Will co-signing a student loan harm your personal credit?
It will if the primary borrower does not keep the terms of the agreement. It will also affect the person's credit score such as...
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How do you get any loans if you're stuck in middle class with no cosigners?
Depending on the agency. Student loans are generally insured by the federal government. Income doesn't matter, you don't even...
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Why will some schools not accept student loans?
I am unsure what you mean by 'some schools'. If you are referencing any post high school education which would include beauty...
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Can you use a student loan to pay for a notebook computer in a community college?
Yes, this is actually on the list of things that are considered school related, which include anything related to going to...
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Can student loans be forgiven if you are working with the homeless and DOC clients as an outreach and substance abuse counselor?
Generally, no. You're not a teacher, a childcare worker, or a military service-member.
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Are you still entitled to student loan money that you have been offered if your tuition is thereafter waived through an unemployment training program?
Possibly. Some of it at least. A school creates a budget, in which tuition is only ONE of many components. If tuition is waived,...
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How does one go about getting a student loan if they are disabled?
http://www.fafsa.ed.gov just like everyone else. you can also check with your state's(not private) rehabilitation services....
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Up to how many semesters can you receive student loans as an undergrad?
it doesnt go by semesters... it goes by hours... and sometimes even hours attempted... i think its like 150% of total hours in...
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Can you get a student loan if you have filed bankruptcy?
I am trying to figure this out myself as I have recently filed bankruptcy and both my husband and I are students. There is a...
Popularity: 67 • Tools: Recategorize
